Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, on July 12 announced that it has entered into a 15-year water gathering and disposal agreement with a subsidiary of Marathon Oil Corp.
Under the agreement, Bison will exclusively manage all of Marathon's produced water infrastructure within the Sooner State, as well as any future acreage operated by Marathon within a 5.4 million acre dedicated area. The agreement includes activity in the Scoop and Stack shale plays, where Marathon averaged 63,000 net boe/d of production during the first quarter.
"We are excited to expand our relationship with Marathon through this long-term water gathering and disposal agreement,” said Bison CEO North Whipple. “This water infrastructure dedication is the first-of-its-kind in the Scoop, Stack and Merge and is the direct result of Bison's proven ability to partner with customers and materially lower their operating expenses.
“We remain on track to meet or exceed our previously announced expansion plans and this agreement further underpins our development with a world-class upstream operator. Today marks another significant milestone in delivering on our promise to bring scalable and innovative cost-saving water solutions to the market."
For more information regarding the company, visit the website at BisonOK.com or email at Media@BisonOK.com.
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